The Big Picture Retirement Show does not provide specific tax, legal, or financial advice.

Listeners are encouraged to seek out their own advisors in these areas.

Hey everyone and welcome to the Big Picture Retirement Show,

where we deliver insight on what you need to know for a meaningful and successful retirement. If you are planning for

or living in retirement, this is the show for you. I'm Devin and John is back here with me as he

always is. Hey John. Howdy. So John, first of all, how have you been? Man, I'm good. Well, good. So we've got a tax plan coming out that, well, it's at least been proposed. We have a tax proposal that is out. That's true. Okay. I stand corrected. It's just a proposal at this point. But it's not likely to impact you because, as you were telling me, you never pay much in tax.

Right.

Yeah.

Yeah, we can go with that.

Sure.

So this thing is speeding its way through the process as well.

September 27th, the Trump administration released it.

November 2nd, House Ways and Means Committee released their version of his plan. And then on November

9th, the Senate Finance Committee released their version. Yeah, bam, bam, bam. And yeah,

so it's coming out fast and furious. But there's a few things that folks need to know about this

plan and get beyond all the hype that some of the media is putting out there. Right. I mean, I think

if you want to pay attention

to what's going on up there and you want to be able to make an educated decision, you got to be

able to know how it ultimately affects you, how it affects those around you, and you got to do that

without the spin. Oh, yeah. And we are an apolitical show, right? We are in a political show.

Yeah, so we don't care about the politics of it and saying

that it's horrible just because we hate Trump or saying that it's great because we love Trump.

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